US spot crypto ETFs recorded sharp redemptions on February 23rd. The Spot Bitcoin ETF recorded net outflows of approximately $204 million, according to SoSoValue data. Meanwhile, the Spot Ethereum ETF recorded an additional $49.48 million in withdrawals. Together, these products generated a loss of $253 million in one business day.
📊Data: US Bitcoin and Ethereum ETFS lose over $250 million in one day
us spot bitcoin $BTC The ETF recorded net outflows of $204 million on February 23 (Eastern Time), according to data from @SoSoValueCrypto.
While most Bitcoin ETFs were in the red, Van Eck’s HODL recorded net inflows of $6.35 million.
Meanwhile, spots… pic.twitter.com/n5YoUIIfIC
— BSCN (@BSCNews) February 24, 2026
The move came as Bitcoin briefly fell below the $65,000 level. Amid widespread market pressures related to new US tariff policy headlines. The sudden pullback shows that investor sentiment remains fragile. Despite strong long-term inflow trends.
Massive outflows dominate Bitcoin ETFs
Bitcoin funds were responsible for most of the damage. Net outflows of $203.82 million per day marked another weak session for the sector. Most of the major products ended the day in the red. Because investors reduced their exposure when prices fell. However, one fund stood out. VanEck’s HODL ETF is showing modest net inflows of $6.35 million. This shows that some long-term investors are still buying bearishly.
Still, the overall picture remains cautious. $BTC Price volatility continues to drive short-term positioning. Meanwhile, ETF flows are responding quickly to macro headlines and risk sentiment. Despite the daily decline, the Bitcoin Spot ETF still has around $80.74 billion in net assets. It also represents approximately 6.26% of Bitcoin’s market capitalization. This highlights the scale of the organization’s involvement. Even during periods of spillage.
Ethereum ETF widens hemorrhage
Ethereum funds also faced selling pressure. spot $ETH The ETF recorded net outflows of $49.48 million on the day. This move reflects the recent weakness in the altcoin market as a whole. Ethereum has underperformed Bitcoin in several sessions.
Trading activity remained strong. Approximately $724 million in daily trading volume $ETH ETF. Still, looking at the direction of flows shows investors are reducing exposure rather than adding risk. Since its introduction, the Ethereum ETF has collected approximately $11.48 billion in total. However, short-term sentiment has clearly cooled.
Warning issued after 5 consecutive weeks of leakage
The latest data fits into broader trends that are starting to worry market watchers. Bitcoin ETFs have now hit record highs for the fifth consecutive week. According to the report, net outflows totaled approximately $3.8 billion. This is the longest consecutive withdrawal streak since early 2025.
Recent weeks have shown a steady pattern of risk aversion. As traders are reacting to macro uncertainties and cryptocurrency price fluctuations. However, the long-term outlook remains strong. Since its launch, the Spot Bitcoin ETF has seen cumulative net inflows of more than $53.8 billion. This indicates that structural demand is maintained.
Market sentiment and broader impact
There appear to be several factors behind the recent withdrawal. These include macro concerns such as tariff developments and widespread risk-off sentiment. This made investors cautious. Fear levels continue to rise through cryptocurrencies. Reflects nervous positioning. Still, not everyone is bearish. The low inflows into VanEck’s HODL suggests that some investors view the pullback as a buying opportunity. For now, ETF flows are likely to remain sensitive to macro headlines. Once volatility declines, institutional demand could stabilize again.
